Annual General Meeting on 29th August, 2025 at 11.00 A.M. through Video Conferencing/Other Audio Visual Means
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Polyspin Exports' Board, at its meeting on May 29, 2025, approved audited financial results (standalone and consolidated) for FY25 and announced the 40th AGM on August 29, 2025 at 11:00 AM via video conferencing. Standalone revenue from operations rose to Rs. 22,513.84 lakhs in FY25 from Rs. 20,221.32 lakhs in FY24, while the company swung to a net profit of Rs. 267.52 lakhs from a loss of Rs. 331.51 lakhs a year earlier. Consolidated net profit stood at Rs. 410.22 lakhs (FY24 loss of Rs. 278.42 lakhs), aided by share of profits from its Sri Lankan associate Lankaspin Pvt Ltd. The directors also recommended the re-appointment of Smt. Durga Ramji, who retires by rotation. Statutory auditors issued an unmodified opinion on the results, with no governance flags raised.
A clear return to profitability and revenue growth signal improving operations in the core FIBC bags and yarn business, though operating cash flow turned negative due to higher working capital needs. Routine AGM and re-appointment of a retiring director are procedural and carry no material governance concern.